The Monofilament Market, as per the latest report of Market Research Future (MRFR), can rise with a robust CAGR during the forecast period (2020-2027) and attain a remarkable valuation. Monofilament is a type of fiber with a single filament and is mostly used in fishing to manufacture the nylon fishing line. Mostly made of nylon, polyester, and polyolefins, its flexibility, shock resistance, and affordability make it better than the multifilaments. Monofilaments are also easy to handle; its knot trying and stretch features are superior to that of the multifilament. The product comes in an array of colors which creates enough scope for the market to operate. MRFR in their report made a definitive study of the segments for a better overview of the market. The report also comes with an analysis of the factors that can trigger the future market growth.
The fishing industry is one of the major sectors that is finding widespread use of the product. Hence, rapid growth can be expected due to traction. The fishing industry is burgeoning both as an important chain for the food sector and livelihood. This can directly impact the manufacturing of monofilament fishing nets. The product is also enjoying much recognition in the apparel and textile industry. Coupled with the rising disposable income, the sector is providing much traction to the monofilament market. At the same time, the medical industry is bound to push the market further ahead. Monofilaments are widely used as suture and catheter braiding reinforcement. The automotive industry is also expected to emerge as a lucrative scope for the monofilament market expansion.
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MRFR segments the monofilament market by type and application for a comprehensive understanding of the upcoming market demography.
Based on the type, the monofilament market can be segmented into nylon, polyester, and polyolefins. The nylon segment is further sub-segmented into nylon 6 and nylon 66. The polyolefins segment includes high-density polyethylene (HDPE), polyethylene, and polypropylene.
Based on the application, the monofilament market can be segmented into fishing & agriculture, automotive, textile, wastewater treatment, medical, and others.
MRFR segments the monofilament market regionally into Asia Pacific (APAC), North America, Latin America, Europe, and Middle East & Africa (MEA).
The APAC market has the largest share of the global market. The fish production industry is thriving in the region, and the economic resources are coming in quite handy to support the monofilament industry. Simultaneously, India and China are emerging as medical tourism hub which is providing thrust to the regional monofilament market.
North America’s love for seafood can be considered crucial in the promotion of the regional market. At the same time, apparel and textile industries are also growing at a rapid pace which can substantially boost the monofilament market in the coming years.
Europe is witnessing significant growth in the regional market, and the credit can be given to France’s wine industry where monofilament is getting substantial recognition. Latin America mostly banks on the surgical and non-surgical aesthetics and ophthalmology and its growth, along with, the textile can promote the regional market. The MEA market can also experience the impact of growing traction from the automotive and textile industries.
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4.1 Porter’s Five Forces Analysis
4.2 Value Chain/Supply Chain Of Global Monofilament Market
Remarkable players in the global monofilament market, as reported by MRFR, are SUPERFIL (India), Hinafil India Limited (India), Shinkey Monofilament Enterprise Co., LTD (Taiwan), NYCOA (U.S.), Medical Monofilament Manufacturing (U.S.), ONGC Petro additions Limited (India), TORAY INDUSTRIES, INC. (Japan), Polymer Industries (U.S.), Jarden Applied Materials, Jarden Process Solutions (U.S.), Albany International Corp (U.S.), Engineered Monofilaments Corporation (U.S.), and Zeus Industrial Products, Inc. (U.S.).
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In 2018, Surgical Innovation Associates launched DuraSorb Monofilament Mesh that is made of bioabsorbable products and can be used in reconstructive or cosmetic surgery. The product provides support to soft tissues and then dissolves within a year. The product recently received its FDA clearance as well.
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The Monofilament market report can be your strong base if you intend to have an accomplished study and analysis of Monofilament market. Your task of understanding your core market will be eased after studying our report. The content of this report will provide vital information about key market channels based on different geographical locations globally pertaining to Monofilament. You will be able to comprehend your niche market and key leaders in you segment, and accordingly take strategic actions based on your strengths. The report includes market size, prospective demand generation statistics, information about supply chains, competitor data, prices and margins, trading information and vendor details. The key players in your market segment are covered in the report with deep insights regarding Monofilament, types, current and future trends, and also overall share of the market.
The much needed market forecast with facts and figures will be presented in the report for you to make informed and actionable plans. Key profitable constituents can be easily found based on the all-inclusive picture presented by the report. This will help you to capitalize on opportunities that the market puts forth by making strong workable strategies. The information provided in the report is collectively gathered from various publishers archived in our database and also from paid database services. This data is presented in a structured manner post consultation with dealers, customers, and raw material suppliers. This ensures that the report has genuine information and covers all the details related to Monofilament market.
The Monofilament market report includes information on the product launches, sustainability, and prospects of leading vendors including: (Marmik, Ri-Thai, Jarden Applied Materials, Tai Hing, Perlon, Toray, Jintong, NTEC, Ruichang Special Monofilament, Teijin, Superfil Products, Monosuisse, VitasheetGroup, Judin Industrial)
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Polyester Monofilament Polyolefin Monofilament Nylon Monofilament
Industrial Consumer Goods Fishy/Agricultural Others
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Monofilament market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Major Points Covered in TOC:
Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Monofilament market portions by application, study goals, and years considered.
Market Landscape: Here, the opposition in the Worldwide Monofilament Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Profiles of Manufacturers: Here, driving players of the worldwide Monofilament market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Monofilament Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Monofilament Market.
Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
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